Trump’s threat of new China tariffs sparks backlash from US retailers

Industry warns of job losses and higher consumer prices after president targets another $300bn in importsUS retailers were lining up on Thursday night against Donald Trump’s threat to impose tariffs on a fresh $300bn of Chinese imports in September, if a US-China trade deal can’t be struck.Financial experts warned of an “economic drag” in the further escalation of trade tensions with China – after the president said that China had not stuck to various promises over trade that he had previously touted as signs of progress. Continue reading…